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    Stock Market Recap for

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    Index Trend Table

    Index % Chg ADX Long Term Mid Term Short Term Signals
    Wilshire 5000 -0.14% Weak or Absent Up Down Flat 20 DMA Support, Cup with Handle, NR7, NR7-2, Narrow Range Bar
    S&P 500 -0.22% Weak or Absent Up Down Flat 20 DMA Support, Bollinger Band Squeeze, Cup with Handle, NR7, NR7-2, Narrow Range Bar
    NASDAQ-100 -0.53% Weak or Absent Up Up Flat Cup with Handle, Hammer Candlestick, NR7, Stochastic Sell Signal
    Russell 2000 -0.14% Weak or Absent Down Down Flat Cup with Handle, NR7, Narrow Range Bar
    Dow -0.15% Weak or Absent Flat Down Up Cup with Handle, Fell Below 20 DMA

    Key Indicators

    % of Stocks Above Their 50-Day Moving Averages*
    * The market becomes oversold in the mid-to-low 20s. See more...

    Top 5 Technical Signals for the Day*

    * Excluding range contraction signals.
    Count Alert Type
    516 MACD Bullish Signal Line Cross Bullish
    368 20 DMA Resistance Bearish
    359 Cup with Handle Other
    323 Crossed Above 20 DMA Bullish
    298 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup

    Unusually Active Signals for the Day

    % Above Normal Alert Type
    191 NR7-2 Range Contraction
    104 MACD Bullish Signal Line Cross Bullish
    100 Narrow Range Bar Range Contraction
    76 Parabolic Rise Strength
    74 NR7 Range Contraction

    Unusually Active Stocks

    Symbol Grade Name % Change Vol Surge Signals
    BMEA A Biomea Fusion, Inc. 99.03% 38.57 180 Bullish Setup, Expansion Breakout, MACD Bullish Signal Line Cross, New 52 Week Closing High, New 52 Week High, Parabolic Rise, Pocket Pivot, Volume Surge, Wide Range Bar
    VKTX A Viking Therapeuti... 69.30% 18.61 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross, New 52 Week Closing High, New 52 Week High, New Uptrend, Pocket Pivot, Stochastic Buy Signal, Volume Surge, Wide Range Bar
    HRMY F Harmony Bioscienc... -25.78% 14.55 Expansion Breakdown, MACD Bearish Signal Line Cross, New 52 Week Closing Low, New 52 Week Low, Volume Surge
    DGRW B WisdomTree U.S. D... -0.07% 9.13 20 DMA Support, Bollinger Band Squeeze, Cup with Handle, Narrow Range Bar, Volume Surge
    BCI F ETFS Bloomberg Al... 0.78% 7.76 Crossed Above 20 DMA, Non-ADX 1,2,3,4 Bearish, Pocket Pivot, Volume Surge
    DAWN F Day One Biopharma... -3.11% 5.85 Calm After Storm, Lower Bollinger Band Walk, Volume Surge
    BABA B Alibaba Group Hol... 14.26% 5.57 50 DMA Resistance, Crossed Above 200 DMA, Non-ADX 1,2,3,4 Bearish, Pocket Pivot, Volume Surge
    ITCI A Intra-Cellular Th... 16.40% 4.89 Crossed Above 200 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, Pocket Pivot, Volume Surge
    TERN A Terns Pharmaceuti... 13.24% 4.71 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, Pocket Pivot, Volume Surge, Wide Range Bar
    PVH A PVH Corp. 20.02% 4.66 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, New Uptrend, Pocket Pivot, Volume Surge

    Stocks with the Most Bullish Signals Today*

    * 'Most', as in 'largest number of' not necessarily the most likely to move higher.
    Symbol Grade Name % Change Vol Surge Signals
    VKTX F Viking Therapeuti... 69.30% 18.61 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross, New 52 Week Closing High, New 52 Week High, New Uptrend, Pocket Pivot, Stochastic Buy Signal, Volume Surge, Wide Range Bar
    OSCR D Oscar Health Inc 56.27% 23.32 Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, New Uptrend, Pocket Pivot, Volume Surge, Wide Range Bar
    CIEN B Ciena Corporation 4.65% 2.10 Bollinger Band Squeeze, Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross, New Uptrend, Pocket Pivot, Shooting Star Candlestick
    CWST A Casella Waste Sys... 1.27% 1.02 180 Bullish Setup, 20 DMA Support, 50 DMA Support, Crossed Above 200 DMA, MACD Bullish Signal Line Cross
    PSN D Parsons Corporation 2.48% 2.05 Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, New Uptrend
    WWD B Woodward, Inc. 1.64% 0.74 Crossed Above 20 DMA, Crossed Above 200 DMA, MACD Bullish Signal Line Cross
    SAIC F Science Applicati... 0.70% 1.16 Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross
    LOVE B The Lovesac Company 12.50% 4.15 Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, Pocket Pivot, Volume Surge
    PVH C PVH Corp. 20.02% 4.66 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, New Uptrend, Pocket Pivot, Volume Surge
    EE A Excelerate Energy... 7.91% 1.79 Crossed Above 20 DMA, MACD Bullish Signal Line Cross, New Uptrend, Wide Range Bar

    Stocks with the Most Bearish Signals Today*

    * 'Most', as in 'largest number of' not necessarily the most likely to move lower.
    Symbol Grade Name % Change Vol Surge Signals
    HUM C Humana Inc. -4.65% 1.66 Evening Star, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, Wide Range Bar
    MNPR C Monopar Therapeut... -51.34% 16.82 Fell Below 20 DMA, Fell Below 200 DMA, Gilligan's Island Buy Setup, MACD Bearish Signal Line Cross, Narrow Range Bar, New 52 Week Closing Low, New 52 Week Low, New Downtrend, Volume Surge
    FORM D FormFactor, Inc. -2.18% 0.46 20 DMA Resistance, Bollinger Band Squeeze, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross
    FUTU D Futu Holdings Lim... -6.31% 4.47 Bearish Engulfing, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, Volume Surge, Wide Range Bar
    FSEC C Fidelity Investme... -1.01% 6.16 180 Bearish Setup, Cup with Handle, Fell Below 200 DMA, Fell Below 50 DMA, Stochastic Sell Signal, Volume Surge
    IONQ B IonQ, Inc. -8.20% 1.24 Bollinger Band Squeeze, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, Upper Bollinger Band Walk
    RYAN B Ryan Specialty Gr... -0.05% 0.47 20 DMA Resistance, Death Cross, NR7, NR7-2, Narrow Range Bar, Non-ADX 1,2,3,4 Bearish, Shooting Star Candlestick
    OMCL C Omnicell, Inc. -3.49% 0.79 Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross
    CECO A CECO Environmenta... -0.35% 0.44 20 DMA Resistance, 50 DMA Resistance, Shooting Star Candlestick
    CNM D Core & Main, Inc. 3.47% 3.84 20 DMA Resistance, 200 DMA Resistance, 50 DMA Resistance, Cup with Handle, Golden Cross, Pocket Pivot, Volume Surge

    Comments

    S

    SwingScalp over 1 year ago

    Great post TraderMike.  I am doing much the same.  Mostly looking for bearish setups (Expansion Sell Breakouts, Expansion Pivot Sells, etc.).

    1 Reply
    T

    TraderMike over 1 year ago

    It's definitely a stick & move market right now!  Can't hold anything too long (long or short) due to all the chop

    2 Reply
    T

    TraderMike over 1 year ago

    Still a very mixed, choppy market.  I saw this tweet by Mark Minervini pointing out something similar to what I've been focused on (% of stocks above the 50 DMA) for the last few weeks:

    Institutional money has been hiding in the old heavily weighted mega cap tech names, and that is propping up the Nasdaq Composite relative to the other indexes. However, when you look under the hood you see that only 20% of Nasdaq stocks are above their 50-day moving average lines and only 29% are above the 200-day, which tells you that participation is still thin. Before getting aggressive in this market, I'm looking for better action from breakout names and broader participation outside the old leaders.
    Like Mark, I'm continuing to bide my time (mostly) curating watchlists & waiting for better market internals (or bearish setups).

    1 Reply
    S

    SwingTradeBot over 1 year ago

    What are your thoughts on 'today's (2023-03-28) market action?

    0 Reply
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